hi,
I understand that bookies are setting the odds for a bet and I can change it to precents, I read it in the forum.
I have a question about that.
I will give an example from my local bookie:
Home Win: 2.65 = 37.7%
Draw: 2.70 = 37%
Away Win = 2.00 = 50%
now it should be a sum of 100% but it is: 38% + 37%+ 50% = 125%
and every I have in my local gets to 125%.
Why is it 125%? is there an explanation?
Thanks.
I understand that bookies are setting the odds for a bet and I can change it to precents, I read it in the forum.
I have a question about that.
I will give an example from my local bookie:
Home Win: 2.65 = 37.7%
Draw: 2.70 = 37%
Away Win = 2.00 = 50%
now it should be a sum of 100% but it is: 38% + 37%+ 50% = 125%
and every I have in my local gets to 125%.
Why is it 125%? is there an explanation?
Thanks.
Comment